Calgary-based Tetra Trust has forged a partnership with global staking solutions expert, Figment, to offer digital asset staking services to institutional clients in Canada. Digital asset staking involves locking and holding cryptocurrencies in a wallet to support blockchain networks and earn rewards.
Tetra joins a select group of Canadian companies providing this service. The collaboration with Figment allows Tetra to seamlessly offer staking solutions. Tetra’s keys are securely located in Canada, ensuring compliance with Canadian regulations.
Didier Lavallée, Tetra’s CEO, expressed excitement about the partnership and its impact on their position as a preferred digital asset custody service in Canada.
Tetra holds $1 billion of digital assets under custody and enjoys backing from industry players WonderFi, Coinbase Ventures, and MOGO.
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